fbpx

21 Chisham Avenue Parmelia

It's with great pleasure to present

Your Focus Market and Property

and this is why...

Jocey and Mary are looking to add to their Investment portfolio. They have a max purchase price of $400,000. They are looking to diversify and look for their next purchase in WA. They are looking for a balanced property that presents strong growth as well as being positively geared.

DISCOVER OUR METHODS

HOW DO WE SELECT OUR MARKETS?

Targeting locations which will grow in value by understanding what these push and pull factors are, when they will occur and how long they are due to last is what allows us to make assumptions for strong market growth.

Our methodology aligns with a number of different driving factors. Some of these include government funding, economic uplifting projects, infrastructure introduction, flanking market affects and more. However, the underlying factors comes down to a couple of basic principals, supply and demand from population movement and demographic demand.

In proud partnership with Australia's top property economists. We formulate specific data reports based on our client's requirements and the markets we shop in. Our partners have been awarded the Innovation Patent Housing Market Prediction Solution, which predicts housing price changes at suburb level up to ten years into the future.

your Hot market

KIWANA

Kwinana is one of Perth’s Major influences when it comes to the industrial economies. With the governments promise to meet net zero carbon emissions by 2050, the council is planning to take their already very successful lithium production further into the future as the need for battery power becomes greater as a deadline drawers closer.

Kwinana has other driving factors, similar to those seen in Rockingham, just market movement to trend similarly as to what we’ve seen happened in the neighbouring LGA over the last several years.

Kwinana, city, southwestern Western Australia, lies along Cockburn Sound, just south of Perth. Kwinana is an industrial hub for the state.

The City of Kwinana, a local government area of Western Australia, covers an area of approximately 118 square kilometres in metropolitan Perth, and lies about 38 km south of Perth central business district, via the Kwinana Freeway. 

Market Performance Over 1 Year

Kwinana Housing Study

This Study has been prepared to assist in understanding current and future housing needs and the strategies required to meet the growing and changing community needs.

Official Website

The City of Kwinana's official website is where you can find out more about their services for residents, businesses, our community and visitors.

KIC Annual Report

Activities described in this report will provide a clear insight to how KIC members are proactively working with each other and the boarder community to ensure a sustainable, bright, long term future exists for all.

Strategic Community Plan 2019-2029

The City’s overarching document that guides all the actions of the Council, ensuring that every step taken is a step toward achieving the community’s vision for the future.

PARMELIA 6167

Market Conditions

10.5% median market growth in 1 year

The markets movement over the past year, paired with supportive driving data shows us there is good growth to come. 

The current rental yield in the market is 6.90%

As we are looking for a positively geared property, yielding will need to be considered. We can expect this to rise due to the supporting data.

-3.15% vendor discounting shows us an understanding of the market's performance

As properties begin to grow in value, vendors are realising the interest in the market and discounting less and negotiations begin to tighten up.

Days on market have increased since May 2021 by 26.7% to 19 days.

The market correction is due to rebalancing in the coming months as we see market growth continue.

The number of new listings has increased by 3.5% in the last year

The increase of new listings coming onto onto the market shows that vendors are wanting a piece of the action and are willing to gauge the market.

Stock on market has increased by 6.0% over the last year

As vendors begin to realise the markets potential, savvy owners are putting their properties on the market to get in on the action. This is expected to turn in the next 4 to 6 month as values rise.

Economically influencing projects

OUR SUGGESTED PROPERTY

21 Chisham Avenue Parmelia WA 6167

Property details

4

2

1

Asking Price

Target Price

Potential Rent

Potential Yield

$350,000

$360,000

$420 p/w

6.07% Gross

Where is this Property?

ComparAtive properties

What should i know about this property?

Are there easements on the property?

tbc

EASEMENT MAP
Easements are areas which need to be accessible by council or anyone with a right to access a portion or part of land. An easement could be related to sewage piping, gas lines or electrical works.

Is the property located in a flood zone?
The property does not fall within flood lines.

FLOODZONE MAP
Flood zones can be determined from river flood lines. In areas where the terrain is fairly flat and river banks overflow, properties which fall within these catchments may warrant higher insurance costs.

Is the property correctly zoned?
Development Zone: Residential

Building and council regulation states that the dwelling on top of the land needs to be classified correctly for the type of structure that it is.

Is the property in adequate condition?
YES, please see the photos in the listing

In communications with the listing agent, he/she has confirmed the condition of the property is as the listing shows. This will be verified by our team in the steps moving forward.  

What are the council rates for the property?
Approximately $2,300 yearly

Council rates are paid by the owners and fund council work and operations. Generally, the smaller the population and larger the council, the higher the fee is.

What is the cost for building insurance?
Approximately $1,300 per year

In most states, building and landlord insurance is required to by the buyer one the property’s contract has been signed and exchanged. The fee above is an average for the building insurance only.

How many days has this property been on market?
This property was listed 02/05/2022

There are 3 types of listing stages:

On-market, this is found on major portals
Off-market, this is for sale, but with the listing agency only
Pre-market, this has been presented to us outside of the public

When was the property Built?
The property was built in 1977

The build year should be considered when purchasing properties of different structure types. The price of the property can be reflective of the build year vs the structure type. Some structure types age better than others. At a certain price point, it is worth remembering that land is the appreciating asset, while the dwelling is the depreciating asset.

Is the property leased, if so until when?
lease on the property expires 18/11/2022

Tenure renewals dates need to be considered in rising markets. If the market is rising, your ability to increase rental rates will only be possible at the time the tenants lease period renews.

What are the lease rates associated?
rented for $395 per week;
can be rented for $420 per week

Lease renewal rates cannot be changed inside of lease periods, for the benefit of the tenant. 

Why is this a good option?

Please make sure to go though all the details and get back to us as soon as possible

Book a Quick
Call Back

Nationwide Operations

Property Portfolio Growth Partners

© 2020 - The Investors Agency PTY LTD

Scroll to Top